Property Description

Excellent opportunity to acquire a quality brick ranch double at 1310-1320 Quailbend Cr., Kettering, OH 45429. Built in 1977 with approximately 3,304 total sq. ft., this property has enjoyed long-term tenancy and very little turnover.Both units feature 2 bedrooms, 2 full baths, formal living and dining rooms, family rooms with wood-burning fireplaces, primary bedrooms with private baths and walk-in closets, private patios and attached garages.2-car garage unit: Currently $1,200/month; estimated market rent approximately $1,500/month.1-car garage unit: Currently $1,150/month; estimated market rent approximately $1,300/month.CURRENT INCOMECurrent gross rent: $2,350/monthCurrent annual gross rent: $28,200ESTIMATED MARKET RENTPotential gross rent: $2,800/monthPotential annual gross rent: $33,600This represents approximately $5,400 per year in potential additional gross rental income based upon estimated market rents.ANNUAL OPERATING EXPENSESReal Estate Taxes: $5,954Insurance: $2,316Management: $2,900Repairs: $4,205Exterior/Landscaping Service: $3,600Materials: $200Total Reported Operating Expenses: $19,175The $3,600 exterior/landscaping expense provides year-round property maintenance and includes snow plowing and salting, spring clean-up, new mulch and bed clean-up, trimming, and fall clean-up.Tenants pay their own water and trash.

Property Features

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